It’s also due to the fact that unlike other Malibu homes, residences on Carbon Beach sit right next to the sand, no seawall blocking the famous views. Despite the beach access, the area is heavily guarded and private, a perfect place for CEOs and celebs alike to buy a home. Larry Ellison owns 10 properties on Carbon Beach; he purchased his latest home from former Yahoo CEO Terry Semel. Other notable owners include David Geffen, Jeffrey Katzenberg, Paul Allen and Lou Adler.

With the explosion of Carbon Beach’s popularity with the billionaire set, it’s not often that a home comes up for sale.

Add a pool, “rare for Carbon Beach,” Rey says, 4,797 square feet of living space and an enormous media room and you have a highly desirable property.

The home was designed by Buff & Hensman in 1976 and contains the open floor plan and exposed beams indicative of the architectural firm’s style.

The kitchen, dining and living areas all open out to the pool and beach. An inner courtyard contains a zen garden. Two of the bedroom suites face the water. The home has been well-maintained, while still retaining the original architecture and style.